lateral associate back-channel check?
Back-channel checks: I'm starting to recruit for lateral associate positions, but am worried about the possibility of the firms I'll be interviewing at reaching out to people at my current firm (doing a back-channel check behind my back). I'm concerned because
- seems like everyone knows everyone once you narrow down to a certain size (MM, LMM) / sector / geography, it might just be a phone call away / they might already know or have talked to each other
- my path to my current PE role is non-traditional (ignore title), and I wonder if the interviewing firm might want to do an extra check just because of that.
Can anyone who's successfully lateraled share your experience?
Reference checks: do interviewing firms require references from current firm? for obvious reasons, I wouldn't want the interviewing firm to call anyone at my current firm. what's been your experience?
Good reason for leaving / lateraling: when I explain why I'm trying to lateral within 1 year, is it acceptable to say my current firm / deal team did a pretty bad deal to the extent that I'm concerned about my opportunities there? (This is true, but how do I say it in a way that doesn't seem like I'm blaming my current firm?)
Would also welcome any stories / tips on how you navigated the lateral process / got lateral interviews. Thanks!
Age old adage is to never talk bad about your old firm. And yes, interviewing firms do require reference checks but my experience is that they ask for your permission before doing so.
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